§ 16-53. Purpose.

The purpose of all expenditures from the fund shall be to accomplish the following goals:

(1)

Promote the development of mixed-income neighborhoods in the City.

(2)

Provide funding for the rehabilitation of vacant buildings for residential purposes or the rehabilitation of residential properties in communities with high foreclosure rates or blighted properties, including owner-occupied blighted properties.

(3)

Support the productive reuse of properties declared surplus by the City for residential purposes.

(4)

Implement universal design principles and accessibility for disabled persons.

(5)

Provide for the Chief Administrative Officer or the designee thereof to administer the fund and the programs for which the fund pays.

(6)

Leverage funds from other sources to accomplish all of the purposes set forth in this section.

(Code 2004, § 58-103; Ord. No. 2008-114-98, § 1, 5-27-2008; Ord. No. 2009-220-2010-8, § 2, 1-25-2010; Ord. No. 2012-155-128, § 2, 7-23-2012)

(Code 2004, § 58-103; Ord. No. 2008-114-98, § 1, 5-27-2008; Ord. No. 2009-220-2010-8, § 2, 1-25-2010; Ord. No. 2012-155-128, § 2, 7-23-2012)